Mumbai port (India) to double its capacity in 7 years
The Switzerland-based international consultants, KPMG International, have recommended that the existing capacity of Mumbai port be doubled and its infrastructure be revamped at a cost of Rs 5,000 crore in seven years to make the port more competitive.
In its report submitted to the Mumbai Port Trust (MbPT), the consultants, who were appointed about six months ago to draw up a seven-year business plan, have estimated that the existing traffic of about 52 million tonnes of cargo would reach about 84 million tonnes by 2013-14, for which MbPT required to raise its cargo handling capacity to handle at least 116.57 million tonnes (considering that 80 per cent of the infrastructure would be utilised on an average). The port is using its full capacity at present and has been asked to more than double it.
The recommendations made by the consultants include complete re-engineering of the Indira Docks, joint ventures with minor ports in the region and organisational improvements.
According to the projections made by the consultants, the cargo traffic would increase to 133.45 million tonnes by 2025-26. The capacity requirement for that would be in the range of 155.87 million tonnes by then.
For creating the infrastructure, the consultants have recommended capital investments of Rs 4,941.70 crore in the next seven years in a phased manner — Rs 240.1 crore in 2007-08; Rs 1,123.3 crore in 2008-09; Rs 1,917.7 crore in 2009-10; Rs 730.5 crore in 2010-11; Rs 746.2 in 2011-12; Rs 150.6 crore in 2012-13; Rs 33.3 crore in 2013-14.
Of this, Rs 2,550.8 crore would be invested by the MbPT over seven years, Rs 2,172.3 crore by a private developer or through a joint-venture partner, Rs 94 crore from budgetary support from the National Maritime Development Project and Rs 124.5 from other sources like the state government.
The major client-related investments in the port include the development of the Offshore Container Terminal (OCT); Container Freight Station; empty stacking yards (for containers); redevelopment of harbour wall berths; construction of second chemical jetty and creating fifth oil berth. Incidentally, the MbPT handled 52.36 million tonnes of cargo during 2006-07, registering the highest growth of 18.5 per cent among all the 12 major ports in the country over the previous year. This is also 6.86 per cent more than the target of 49 million tonnes set by the ministry of shipping.
In its report submitted to the Mumbai Port Trust (MbPT), the consultants, who were appointed about six months ago to draw up a seven-year business plan, have estimated that the existing traffic of about 52 million tonnes of cargo would reach about 84 million tonnes by 2013-14, for which MbPT required to raise its cargo handling capacity to handle at least 116.57 million tonnes (considering that 80 per cent of the infrastructure would be utilised on an average). The port is using its full capacity at present and has been asked to more than double it.
The recommendations made by the consultants include complete re-engineering of the Indira Docks, joint ventures with minor ports in the region and organisational improvements.
According to the projections made by the consultants, the cargo traffic would increase to 133.45 million tonnes by 2025-26. The capacity requirement for that would be in the range of 155.87 million tonnes by then.
For creating the infrastructure, the consultants have recommended capital investments of Rs 4,941.70 crore in the next seven years in a phased manner — Rs 240.1 crore in 2007-08; Rs 1,123.3 crore in 2008-09; Rs 1,917.7 crore in 2009-10; Rs 730.5 crore in 2010-11; Rs 746.2 in 2011-12; Rs 150.6 crore in 2012-13; Rs 33.3 crore in 2013-14.
Of this, Rs 2,550.8 crore would be invested by the MbPT over seven years, Rs 2,172.3 crore by a private developer or through a joint-venture partner, Rs 94 crore from budgetary support from the National Maritime Development Project and Rs 124.5 from other sources like the state government.
The major client-related investments in the port include the development of the Offshore Container Terminal (OCT); Container Freight Station; empty stacking yards (for containers); redevelopment of harbour wall berths; construction of second chemical jetty and creating fifth oil berth. Incidentally, the MbPT handled 52.36 million tonnes of cargo during 2006-07, registering the highest growth of 18.5 per cent among all the 12 major ports in the country over the previous year. This is also 6.86 per cent more than the target of 49 million tonnes set by the ministry of shipping.